Dear friends,
we are establishing a power generation unit in andhra pradesh.
It is in capital work in progress. so, my doubt is, is it required to show the capital purchases in vat returns or not. If we file 'nil' vat return, with out showing any purchases , department will issue notice for cancellation of VAT registration for non commencement of business. please guide me in this regard.
Examples of capital purchases: plant & machinery, air cooled conditioners, office furniture , computers etc.
is it required to show land purchase in the VAT returns.
CAclubindia
